Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-03-09
Will. GARRETT SELL OUT
Rumorcd Negotiations for the Traustrf
Syndicate.

Rumors were current In New York and Balti-
more yesterday OF a vast railroad and telegraph
zeal by which the control OF the Baltimore and Ohio
railroad express and telegraph companies were %
De transferred 10 New YORK syndicate. The
program marked out was that the new B. and q.
nhe between Baltimore and Philadelphia Was 70
go 10 the Pennsylvania company, the telegraph
INES were 10 be absorbed ny western Union, and
the express 70 be consolidated with one OF the
great express companies. when Mr.. Garrett WAS
ASKED as 10 the foundation OF the reports yesterday
ne refused TO talk, further than 60 remark 81 sinS
The Baltimore sun to-day SAYS: The fact that
tnere VAS no ofciai denial at this end OF the line
r rlame some people In financial circles take Sc
rIous view vi the situation and that the report
was being used 20 push up Western Union tele-
graph stock In New York was generally believed
Nnuons OF money have been made IN a short time
by the late advances In this stock and a rfsp OF
twenty points In the 600 shares oi this OLGA nssc
concern win bring profit OF $4,000 600 or enough
TO pay Tor the SOooo shares OF Baltimore and Ohio
stock. There are l50 900 shares OF Baltimore ana
Ohio stock, on which the CARROTS own, as reported
the city OF Baltimore 81 6oO: the ,ireggs a. oI
and the Burnses 400. The win OF Mr. John ~
held in trust for twenty years bur n il argued thsf
their voting and dividend privileges are another
matter. banker who telegraphed 90 his cor
respondents gave q summary OF his views OF the
case as follows: Uf the 10000 shares OF Balii-
more and Ohio. 30. 900 shares were eft 10y John W.
Garrett in trust, with instructions that they
should not be sold for twenty years: L. OOO shares
are held by the trustees OF Johns Hopkins UNI
yerSity, and although they have power 20 sell
there has been no intimation that they would DO
so; Baltimore city owns b 900 shares which VIII
never be sold 10 any syndicate In the Interest
OF the city. This accounts for nearly $1,000
shares. which form more than a majority OF the
stock. The Baltimore and Ohio NAV make some
traffic arrangements with Reading and New Jpr-
sey Central at the north and the Danville system
At the SOUTH but any change OF management OF
the Baltimore and Ohio is highly Improbable
The New FORK Tribune seems TO put faith IN the
rumOrS ana says to-day: "Many rumors about a
change OF ownership OF the Baltimore and Ohio
railroad system have been circulated I'm Mail
street since the dinner given by Robert Garrett
It's president, 10 prominent railroad officers on
Thursday. several persons who were present have
admitted since that an oIer for the control OF his
company was made al that time, but they say that
the price was too high. IL is reported that Mr.
Garrett then named :se5 Tor the common stock
syndicate OF capitalists was ready take the con-
troll OF the property on reasonable terms IL Il ur-
derstood here that CalyinS. BTice and Gen Samuel
Thomas, with Austin Corbin, Alfred Sully and
other influential IL less well known railroad men
Dehlnd them, propose 10 buy the property.
The common stock OF the Baltimore and Ohio
railroad is nearly ST., 100000. II asserted IL
Wall street yesterday that the late John w Gar.
rett placed about 30 600 shares In trust In suct
q condition that they could not be marketed: that
that the Johns Hopkins University owned about
10000 shares In reply to suggestion that the
control OF the company appeared 10 be tied up q
person Interested In the syndicate operations re-
marked:
81 don't care whether the stock belongs TO Gar
liver a majority whenever we can agree on some
matters OF detail. They are small things, and
have no doubt that the proposed transfer Will be
completed within few days"